Answer:
B. Prepaid insurance is shown on the income statement
Explanation:
Prepaid insurance first and foremost is a current asset and as such will not reflect in the income statement but in the statement of Financial Position or Balance Sheet.
Although, prepaid insurance will be shown as paid within the year, it must be deducted from the insurance premium paid for the current year and then reported in the balance sheet as a current asset.
Prepaid insurance is treated as a current asset because it is an indication of insurance premiums paid for by the company in advance. It is a payment for economic benefits that will be enjoyed in the future, therefore it is a current asset. The only part of an insurance premium that shows in the income statement is the insurance expense paid for insurance benefit enjoyed in the current period
The right answer for the question that is being asked and shown above is that: "C. chapter 15." If a business filing bankruptcy has assets in the United States and one or more foreign countries, that business should file under: <span>C. chapter 15</span>
Answer:
25.55 days
Explanation:
Days Sales in Receivable = Accounts Receivable ÷ (Sales / 365)
therefore
2020 = $2,800 ÷ ($ 40,000 / 365) = 25.55 days
Answer:
The correct answer is b.weights should be assigned to the political and financial factors according to their perceived importance.
Explanation:
The determination of risk certifications that are taken into account for investment in a country, takes into account fundamental factors that ensure a sustained and less restrictive operation over time, which is directly related to the decisions made by politicians and banks already which are the sectors directly involved in an investment decision. Other important factors are usually located in citizen security, access to ports and airports, etc.
